Lighthouse Inc

Analysis

Lighthouse Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lighthouse Inc reported income of $69k and spending of $92k, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $71k to $69k (-1.8%), an average of -0.4% a year. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lighthouse Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within HI. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($69k), Feed My Sheep Ministries Inc ($69k) and Volunteers in Corrections Inc ($69k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $783k against liabilities of $1.2m, net assets of -$459k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.